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Torn from the Headlines - The Role of the Federal Reserve and Financial Deregulation During the Trump Administration: How Will it/Should it Change under the Biden Administration?
Torn from the Headlines - The Role of the Federal Reserve and Financial Deregulation During the Trump Administration: How Will it/Should it Change under the Biden Administration?
Professor Jeremy Kress
OLLI Torn from the Headlines series presents its January and February topics and speakers! This monthly series goes behind the headlines with a two-part program each month.  Hear first from an expert on the topic with an opportunity for an extended Q and A.  On the day following the session, join a continued facilitated discussion in the Commons.  Registration now open--$55 for the series (monthly January-June) or $10 per individual session.  Future topics and speakers to be announced based on current happenings.

Why is the Federal Reserve so much in the news lately? Its recent repeated rescue of the short-term funding market is one example. More broadly, the Trump Administration has pursued less regulation and oversight of financial institutions.  What have been the outcomes of this trend? What role does the Financial Stability Oversight Council (FSOC) – established by the Dodd-Frank Reform (2010) - play?  What goals and priorities should the Biden Administration have in relation to financial regulation?  In what direction will Janet take the Treasury Department, and how will its role complement the regulation policies of the Administration?


Jeremy Kress is an Assistant Professor of Business Law at Michigan Ross.  He received his Bachelor’s degree from the University of Michigan in 2005, his Masters in Public Policy from Harvard, and JD from Harvard Law in 2010.  Professor Kress researches macroprudential financial regulation, with an emphasis on financial institution corporate governance.  Professor Kress teaches Legal Issues in Finance & Banking at Michigan Ross, and he has taught Financial Regulation at Michigan Law School.

Before entering academia, Professor Kress was an attorney in the banking regulation and policy group at the Federal Reserve Board of Governors in Washington, D.C.  In that capacity, he drafted rules to implement the Dodd-Frank Act and Basel III, and he advised the Board on the legal permissibility of bank mergers and acquisitions.  

Professor Kress' written work has appeared or is forthcoming in the Northwestern University Law Review, Southern California Law Review, Minnesota Law Review, Florida Law Review, Boston College Law Review, and Yale Journal on Regulation, among other journals. Professor Kress has testified before Congress, and he frequently comments on financial regulatory matters in the press.  He has been featured in media outlets including the Wall Street Journal, New York Times, Financial Times, Washington Post, Bloomberg News, NPR's Marketplace, Politico, Yahoo Finance, and American Banker. 

Professor Kress is a senior research fellow at the University of Michigan Center on Finance, Law, and Policy, where he previously served as assistant executive director.  Professor Kress graduated cum laude from Harvard Law School and from the Harvard Kennedy School, where he was a Presidential Scholar.  He holds a BBA from Michigan Ross. 

All sessions will be moderated by OLLI instructor and member Karen Bantel. 
Lecture Type : Other      
Lecture Date : 01/11/2021      
Program Year : 2020-21      
Term : Winter/Spring      
Fee : $10.00